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637 NE 4th Avenue, Fort Lauderdale, FL 33304 (MLS# A11922150)

637 NE 4th Avenue, Fort Lauderdale, FL 33304

$3,749,000
Property Type: Commercial Sale Square Footage: 10,057 Status: Active
Current Price: $3,749,000 List Date: 11/28/2025 Last Modified: 6/15/2026

Overview

Description

New Pricing, Seller is motivated! Recently appraised at $3.86M, not including furniture and improvements! Discover an exceptional investment opportunity in the heart of Downtown Fort Lauderdale. This new-construction 9-unit multifamily property (built in 2022) offers strong performance, modern finishes, and unmatched flexibility for both short-term and long-term rental strategies.Currently operated as a high-performing Airbnb with 81% occupancy, the property boasts 1,000+ five-star reviews and an impressive 4.8 host rating. The entire Airbnb business profile can be transferred to the buyer, allowing you to step into a fully automated, hassle-free operation and start collecting rental income from Day 1.Investors seeking long-term stability also have the option to convert the property to traditional rentals, achieving a 5%+ cap rate with minimal effort.Additional highlights:- 6% cap rate based on current short-term rental operations- Built in 2022 — modern, low-maintenance construction ...

Listing Details MLS# A11922150

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Number Of Units Total
2
Occupant Type
Tenant
Building Area Main
10057
Year Built
2023
Lot Size Area
6750
Lot Size Acres
0.15
Stories Total
3

Property Features

Documents Available: Inventory; Rent Rolls Flooring: Concrete; Laminate; Vinyl Heating: Electric Parking Features: Covered; Free; Ground Level Possession: Close Of Escrow Sale Includes: Building; Business; Furniture; Land; License Source Of Expenses: Books Construction Materials: CBS Cooling: Central Individual Listing Terms: Cash; Conventional Security Features: Fire Alarm; Fire Sprinkler System; Smoke Detector(s) Sewer: Public Sewer Special Information: Flood Zone; Corporate Owned Water Source: Public

Contract Information

Comp Sale YN
No
Original List Price
3990000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
637
Street Direction Prefix
NE
Street Name
4th
Street Suffix
Avenue
City Name
Fort Lauderdale
State Or Province
FL
Postal Code
33304
Postal Code +4
4995
Area
3700
Geographic Area
FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Parcel Number
494234075390
Subdivision Number
7
Zoning
RAC-UV
Flood Zone
AE
Directions
Follow GPS.

Financial Information

Tax Annual Amount
54940
Tax Year
2025
Tax Legal Description
PROGRESSO 2-18 D LOT 4,5 BLK 316

Status Change Information

Major Change Timestamp
2026-06-15T05:15:57Z
Major Change Type
Back on Market
Price Change Timestamp
2026-03-16T20:21:59Z
Status Change Date
2026-06-15

More Information

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
2
Furnished
Yes

Description of Unit Type 2

Unit Type
Suite(s)
Units Total
7
Furnished
Yes

Price Calculations

Current Price To SqFt
372.77

Section Details

Parcel Number MLX
5390

Originating Details

Originating System Key
423733062
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Flooring

Concrete
Yes
Laminate
Yes
Vinyl
Yes

Parking Features

Covered
Yes
Free
Yes
Ground Level
Yes

Documents Available

Inventory
Yes
Rent Rolls
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Special Information

Flood Zone
Yes
Corporate Owned
Yes

Heating

Electric
Yes

Sale Includes

Building
Yes
Business
Yes
Furniture
Yes
Land
Yes
License
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Security Features

Fire Alarm
Yes
Fire Sprinkler System
Yes
Smoke Detector(s)
Yes

Water Source

Public
Yes

Source Of Expenses

Books
Yes

Cooling

Central Individual
Yes
Listing Office: Lokation
IDX
Last Updated: June - 15 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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